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Bulletin: S&P Still Concerned About Possible Rate Freeze In Illinois For Ameren And Exelon Units Jan 07
Standard & Poors, Jan 2007
Abstract
NEW YORK (Standard & Poor's) Jan. 10, 2007--Although state legislators failed to pass legislation during the Jan. 7-9 session to extend for another three years a long-lived electric rate freeze for the Illinois utilities, Standard & Poor's remains concerned that such legislation could, in the coming months, resurface and that Senate opposition to such legislation could erode once customers begin to feel in earnest the impact of new and higher rates. There is no immediate effect on the ratings on Ameren Corp.'s (BBB/Watch Neg/A-3) Illinois utilities, Illinois Power Co. (BBB-/Watch Neg/--) Central Illinois Public Service Co. (BBB-/Watch Neg/--) and Central Illinois Light Co. (BBB-/Watch Neg/--), or Exelon Corp.'s (BBB+/Watch Neg/A-2) subsidiary Commonwealth Edison Co. (BBB-/Watch Neg/--). Double-digit rate increases for...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Commonwealth Edison Co.,Illinois Power Co.,Exelon Corp.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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